Thriving and Gresham throw £53m into Clapham resi scheme

Thriving Investments and Gresham House have committed £53m, via a forward funding agreement, for the development of 122 shared ownership homes on the Clapham Park Regeneration Estate in South London. It represents the first transaction since Thriving Investments and Gresham House partnered to establish an affordable housing fund management platform in November 2024. The investment has been made on behalf of the partnership’s shared ownership strategy, Gresham House Thriving Investments Residential Secure Income. The 122 homes, which represent the fund’s largest London scheme to date, are scheduled for completion in winter 2026/27 and will be delivered as shared ownership affordable housing, supported by a grant from the Greater London Authority. A joint venture between Countryside Partnerships, a part of the Vistry Group, and Metropolitan Thames Valley Housing will act as the developer.  The development is part of the broader regeneration project at Clapham Park led by MTVH and Countryside Partnerships. Since 2005, the project has seen the delivery of 1,500 homes, with an approved masterplan in place for more than 2,500 homes. The jv has more than 840 homes under construction. Ben Fry, fund manager Gresham House Thriving Investments Residential Secure Income LP, said:”This first transaction under Gresham House and Thriving Investments’ new partnership marks one of ReSI LP’s most significant investments to date. London is experiencing a severe shortage of affordable housing and this investment aligns with both the UK government’s appeal for institutional collaboration in housing growth, aiming to accelerate the delivery of affordable, high-quality and energy-efficient homes, as well as the fund’s social impact commitment. “Alongside the GLA’s grant support, which is critical in enabling us to achieve shared-ownership status for the new residential units, the investment also continues our longstanding relationships with both Vistry and MTVH. Clapham Park represents a landmark development in our journey toward building a £1bn+ shared ownership portfolio over the next five years.” Heather Fleming, managing director, institutional business at Gresham House, added: “This collaboration harnesses our combined expertise and resources to deliver superior outcomes for our clients. It reflects the increasing demand from investors for shared ownership investments, driven by the need for stable income and long-term capital growth opportunities in the UK housing market.  “Customer service and environmental considerations should be priorities for investors in affordable housing, and ReSI LP remains dedicated to upholding its Shared Ownership Customer and Environmental Charters. We are focused on building a stronger shared ownership sector by advancing the implementation of these charters, which aim to ensure homeowners are treated fairly while fostering positive environmental outcomes.”